Porsche Awards

Porsche Takes Top Spot
for Sales Satisfaction in 2018 J.D. Power Study

Customers score sales experience with Porsche higher than any other brand

ATLANTA, Georgia - New car customers rated Porsche as the top brand in J.D. Power's annual Sales Satisfaction Index (SSI) Study released today.

Porsche improved its overall ranking by three spots in 2018 compared to last year's SSI Study. With an increase of 10 points to a total of 828, Porsche ranked higher than any other brand.

"This achievement is the result of a customer-focused strategy that has been superbly executed by our 190 U.S. dealer partners," said Klaus Zellmer, President and CEO of Atlanta-based Porsche Cars North America, Inc. "First and foremost, this award is for our dedicated dealers, who have invested significant time in training for their employees and committed $500 million to improving facilities in just the last five years."

The SSI Study provides an analysis of the purchase experience from a customer perspective. It is based on responses from 25,748 people who purchased or leased new vehicles this year.
Particular high points for customers who bought or leased a Porsche between April and May 2018 included the delivery process, dealership facilities, and working out the details of the transaction. Porsche shoppers also expressed satisfaction with salespeople and inventory.

Zellmer noted that in the first 10 months of this year, Porsche sales in the U.S. were up 3.2 percent compared to the same period in 2017. "We are glad to see growth going hand-in-hand with continually improving the customer experience," he said.

About Porsche Cars North America, Inc. | One Porsche Drive, Atlanta, GA 30354 USA Established in 1984, Porsche Cars North America, Inc. (PCNA) is the exclusive U.S. importer of the Porsche 911, 718 Boxster and 718 Cayman; Macan and Cayenne; and Panamera. Headquartered in Atlanta, Georgia since 1998, PCNA is also home to the first Porsche Experience Center in North America featuring a module-based 1.6-mile driver development track, business center, and fine-dining restaurant, 356. The company operates a second Porsche Experience Center near Los Angeles. That 53-acre complex features a driver development track with eight educational modules totaling 4.1 miles, a business center, and Restaurant 917. PCNA employs over 300 people who provide parts, service, marketing, and training for 190 dealers. They, in turn, work to provide Porsche customers with a best-in-class experience that is in keeping with the Porsche brand's 70-year history of leadership in the advancement of vehicle performance, safety, and efficiency. PCNA is an indirect wholly-owned subsidiary of Porsche AG, which is headquartered in Stuttgart, Germany.


J.D. Power
2018 U.S. Sales Satisfaction Index (SSI) StudySM

Digital Communication Leads to Higher Satisfaction with Vehicle Sales Process, J.D. Power Finds
Porsche Ranks Highest among Luxury Brands; MINI Ranks Highest among Mass Market Brands

COSTA MESA, Calif.: 14 Nov. 2018 - Analyzing J.D. Power studies across multiple industries, a common finding is that customers prefer to be contacted via digital communications such as text message, but it happens less often than desired. That trend is evident in the J.D. Power 2018 U.S. Sales Satisfaction Index (SSI) Study,SM released today, in which overall satisfaction is 823 (on a 1,000-point scale).

"These aren't apples to apples comparisons by any means, but the scores are clear indicators of where shoppers and buyers are going, especially as the consumer base gains a larger mix of younger customers," said Chris Sutton, Vice President of the Automotive Retail Practice at J.D. Power. "Automotive dealerships are slowly moving toward more frequent digital communication, but as customers come to expect this opportunity for engagement, dealers need to pick up the pace for incorporating texting and emailing into the day-to-day sales process. For younger customers, this is how they engage."

Overall satisfaction in several studies is generally higher among customers who communicate via text message. In the 2018 U.S. SSI Study, overall buyer satisfaction is 19 points higher among customers who texted with their selling dealer (839) than among those who did not (820). Other J.D. Power studies show increases in satisfaction when customers communicate via digital channels/text message vs. traditional phone calls, such as the J.D. Power 2018 U.S. Customer Service Index (CSI) StudySM (+29 points) and the J.D. Power 2018 U.S. Electric Utility Residential Customer Satisfaction StudySM (+26).

Following are some of the key findings of the 2018 study:

• Implementation of cross-channel communication is beneficial: Face-to-face communication is still the most common method for customers to connect with their selling dealer: 89% of the time in the luxury segment and 90% of the time in the mass market segment. However, satisfaction is higher when buyers email, call or text with their dealer personnel, indicating that using additional communication channels helps to increase customer satisfaction and improve understanding and engagement. Among additional channels, text messaging is used least often (21% by luxury dealers and 15% by mass market dealers), but satisfaction is highest among buyers who text with the dealer.

• When dealers text, customer satisfaction increases: Dealers using text messages are getting ahead of most of their competitors and are creating more satisfied customers. Luxury dealers use email and text messaging more frequently than mass market dealers (25% and 21% of the time vs. 17% and 15% of the time, respectively), so mass market dealers have an opportunity to increase engagement through these channels.

• Use pre-visit communication effectively: A significant number of buyers make first contact with their dealership through a variety of channels before visiting the dealership in person. These early interactions can have a noticeable effect on the buying experience. Overall, only 8% of buyers communicate with their dealer via text message before visiting the dealership. Gen Y1 and Gen X
buyers (11% and 10%, respectively) are more likely to text before visiting than Boomers and Pre-
Boomers (6% and 3%, respectively). Overall buyer satisfaction is higher among buyers who text
before visiting (850) than industry average (823), further stressing the importance of text
messaging communication. Among buyers who communicate with a dealer before visiting, it is
critical that pre-visit information be used effectively during the in-dealer experience. Overall
satisfaction among buyers who say their dealer is "very effective" in using the information provided
pre-visit is 875, compared with just 715 among those who say their dealer is only "somewhat
effective."

• Proactive follow-up after vehicle delivery improves satisfaction: Key Performance Indicators
are dealership processes that have the greatest effect on the sales experience and overall
satisfaction scores. An area in which dealers can improve is after the delivery process is completed.
The study finds dealerships only contact customers post-sale 79% of the time to ensure that
everything with the sales process was satisfactory with this important, large-ticket purchase. When
contact is made, satisfaction improves by 38 points.

Brand Sales Satisfaction Ratings
Porsche ranks highest in sales satisfaction among luxury brands, achieving a score of 828. Infiniti ranks
second with a score of 824, and Lexus ranks third with 823.

MINI ranks highest in sales satisfaction among mass market brands, achieving a score of 798. GMC ranks
second with a score of 797, while Buick and Chevrolet rank third in a tie with a score of 792.
The U.S. Sales Satisfaction Index (SSI) Study-redesigned in 2017 and now in its 32nd year-measures
satisfaction with the sales experience among new-vehicle buyers and rejecters, who are those who shop a
dealership and purchase elsewhere. Buyer satisfaction is based on six measures: dealer personnel (28%);
delivery process (21%); working out the deal (18%); paperwork completion (16%); dealership facility
(13%); and dealership website (4%). Rejecter satisfaction is based on five measures: salesperson (40%);
fairness of price (15%); experience negotiating (15%); variety of inventory (15%); and dealership facility
(14%).

The study is based on responses from 25,748 buyers who purchased or leased their new vehicle in April or
May 2018. The study is a comprehensive analysis of the new-vehicle purchase experience and measures
customer satisfaction with the selling dealer (satisfaction among buyers). The study also measures
satisfaction with brands and dealerships that were shopped but ultimately rejected in favor of the selling
brand and dealership (satisfaction among rejecters). The study was fielded from July through September
2018.

To learn more about the U.S. Sales Satisfaction Index (SSI) Study, visit
See the online press release at http://www.jdpower.com/pr-id/2018214.

J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These
capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability.
1 J.D. Power defines generational groups as Pre-Boomers (born before 1946); Boomers (1946-1964); Gen X (1965-1976); Gen Y
(1977-1994); and Gen Z (1995-2004).

Established in 1968, J.D. Power is headquartered in Costa Mesa, Calif., and has offices serving North/South
America, Asia Pacific and Europe. J.D. Power is a portfolio company of XIO Group, a global alternative
investments and private equity firm headquartered in London, and is led by its four founders: Athene Li,
Joseph Pacini, Murphy Qiao and Carsten Geyer.

Media Relations Contacts
Geno Effler; West Coast; 714-621-6224; media.relations@jdpa.com
Shane Smith; East Coast; 424-903-3665; ssmith@pacificcommunicationsgroup.com
About J.D. Power and Advertising/Promotional Rules http://www.jdpower.com/business/aboutus/
press-release-info

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